NFT Idea: Prove Funds to Mint - page 2.

satscraper

hero member

Activity: 714

Merit: 1298

Quote from: pooya87 on July 10, 2023, 11:32:20 PM

A more accurate statement is that Bitcoin doesn't have smart contracts that let you create tokens including NFTs.

And what about Ordinals, BRC-20 and the latest BRC-69? It appears that these protocols enable the creation of both fungible tokens, such as BRC-20, and non-fungible tokens, such as Ordinals and BRC-69. These tokens exhibit similar functionality to those ones that smart contracts runing on Ethereum/EVM networks.

Or, did you mean the original Bitcoin protocol?

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: ABCbits on July 10, 2023, 05:42:44 AM

First of all, BItcoin doesn't have smart contract.

Technically every script we make in Bitcoin is a smart contract. A more accurate statement is that Bitcoin doesn't have smart contracts that let you create tokens including NFTs.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: nftman on July 09, 2023, 10:11:44 AM

Why do people buy designer clothes? Why do they wear million-dollar watches?

I can understand designer clothes to some degree as long as it looks good. I don't understand million-dollar watches made from diamonds, rare stones, and similar stuff rappers and the likes wear. It's idiotic to me. Seeing 15 custom-made sports cars in a driveway is equally foolish. That's my opinion at least.

Quote from: nftman on July 09, 2023, 10:11:44 AM

Yes many bitcoiners love being anonymous. But also we are people, we like to announce to the world what we are proud of. We like to announce to the world that we believe in Bitcoin, and also the fact that we have made it big at the same time.

So, you want to display your faith in Bitcoin by minting an NFT on Ethereum or some other blockchain? Nice. You are not going to get any serious people to support such an idea. Perhaps the younger generation whose symbol of achievement is a custom-made diamond watch worth a few millions.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: nftman on July 09, 2023, 10:11:44 AM

Quote from: Pmalek on July 09, 2023, 07:12:22 AM

Quote from: nftman on July 08, 2023, 06:25:29 PM

Why would someone buy this?
People who see your NFT will know that you're hodling a lot of Bitcoins.

Why would I want to put a digital target on my back saying I own or have owned at least 1000 bitcoin recently? Would you want to walk down a street holding a sign saying you are rich or have a lot of gold in your house?

Many bitcoiners want to remain anonymous and not draw unnecessary attention to themselves. They also wouldn't care about hyped digital waste known as NFTs that could maybe have one or two useful application with the rest being garbage. I am sorry, but I don't think many would be interested in this.

Why do people buy designer clothes? Why do they wear million-dollar watches?
That also puts a literal target on your back, you just have to make sure your security is on point.

Yes many bitcoiners love being anonymous. But also we are people, we like to announce to the world what we are proud of. We like to announce to the world that we believe in Bitcoin, and also the fact that we have made it big at the same time.

It's a different culture with Bitcoiners compared to your community of people who wear designer clothes. Bitcoiners are more interested in tools that make people more ungovernable, although I believe none would admit it to avoid Big Brother's eyes probing over them. Haha.

Plus your idea is probably good for younger Bitcoin HODLers who want to flex their wealth, but such a project could also be a government honeypot. It's not good for OPSEC.

Kryptowerk

legendary

Activity: 2114

Merit: 1403

Disobey.

Quote from: nftman on July 08, 2023, 06:25:29 PM

so here's an idea:
I have an idea for an NFT collection for true Bitcoin believers.
To get one of these NFTs, you need to prove that you have been keeping 1000 BTC in your wallet for the last 6 months.
This will be verified by you signing a message with your private key and sending it to a smart contract.

Why would someone buy this?
People who see your NFT will know that you're hodling a lot of Bitcoins.
You get access to a community of other whales.

So what does everyone think? Is it a dumb idea or should we make it happen?

If for some insane reason you want to show off your (currently) $30000000 USD, just post your signed message of your wallet address holding said 1k BTC. No need to wrap that into an NFT or some other bullshit-token.

Quote from: pooya87 on July 08, 2023, 10:55:08 PM

Quote from: nftman on July 08, 2023, 06:25:29 PM

Is it a dumb idea

Yes, it is.

+1

Prove of funds can indeed make some sort of sense for an institution or maybe an individual in certain business related cases to prove liquidity. But again, this step to the Ethereum network is just 100% redundant.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: nftman on July 09, 2023, 10:11:44 AM

Why do people buy designer clothes? Why do they wear million-dollar watches?

Apart from them being completely tangible and giving some prestige to those wearing them, it doesn't mean it isn't dumb. You really must have nothing else to do with your money to just spend millions on watches and designer clothes, and I still can't comprehend that authority they supposedly give to you. But to answer your other question, have you seen lots walking in the street holding a sign that says their total in the bank?

ABCbits

legendary

Activity: 2870

Merit: 7490

Crypto Swap Exchange

Quote from: nftman on July 08, 2023, 06:25:29 PM

so here's an idea:
I have an idea for an NFT collection for true Bitcoin believers.
To get one of these NFTs, you need to prove that you have been keeping 1000 BTC in your wallet for the last 6 months.
This will be verified by you signing a message with your private key and sending it to a smart contract.

First of all, BItcoin doesn't have smart contract. So you probably have to do it on Bitcoin side-chain (such as Rootstock or Liquid) or altcoin with smart contract capability.

Quote from: nftman on July 08, 2023, 06:25:29 PM

So what does everyone think? Is it a dumb idea or should we make it happen?

It's dumb, but nobody can stop you from making it happen.

Quote from: nftman on July 09, 2023, 10:11:44 AM

Quote from: Pmalek on July 09, 2023, 07:12:22 AM

--snip--

Why do people buy designer clothes? Why do they wear million-dollar watches?
That also puts a literal target on your back, you just have to make sure your security is on point.

At least those items either have very good branding/popularity, long history or impressive engineering.

nftman

newbie

Activity: 6

Merit: 2

Quote from: Pmalek on July 09, 2023, 07:12:22 AM

Quote from: nftman on July 08, 2023, 06:25:29 PM

Why would someone buy this?
People who see your NFT will know that you're hodling a lot of Bitcoins.

Why would I want to put a digital target on my back saying I own or have owned at least 1000 bitcoin recently? Would you want to walk down a street holding a sign saying you are rich or have a lot of gold in your house?

Many bitcoiners want to remain anonymous and not draw unnecessary attention to themselves. They also wouldn't care about hyped digital waste known as NFTs that could maybe have one or two useful application with the rest being garbage. I am sorry, but I don't think many would be interested in this.

Why do people buy designer clothes? Why do they wear million-dollar watches?
That also puts a literal target on your back, you just have to make sure your security is on point.

Yes many bitcoiners love being anonymous. But also we are people, we like to announce to the world what we are proud of. We like to announce to the world that we believe in Bitcoin, and also the fact that we have made it big at the same time.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: nftman on July 08, 2023, 06:25:29 PM

Why would someone buy this?
People who see your NFT will know that you're hodling a lot of Bitcoins.

Why would I want to put a digital target on my back saying I own or have owned at least 1000 bitcoin recently? Would you want to walk down a street holding a sign saying you are rich or have a lot of gold in your house?

Many bitcoiners want to remain anonymous and not draw unnecessary attention to themselves. They also wouldn't care about hyped digital waste known as NFTs that could maybe have one or two useful applications with the rest being garbage. I am sorry, but I don't think many would be interested in this.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

Quote from: pooya87 on July 08, 2023, 10:55:08 PM

Quote from: nftman on July 08, 2023, 06:25:29 PM

Is it a dumb idea

Yes, it is.

rats. sent a merit by accident to nftman instead of pooya. apologies.

so just to reiterate.. yes, its a bad idea

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: nftman on July 08, 2023, 06:25:29 PM

Is it a dumb idea

Yes, it is.

nftman

newbie

Activity: 6

Merit: 2

so here's an idea:
I have an idea for an NFT collection for true Bitcoin believers.
To get one of these NFTs, you need to prove that you have been keeping 1000 BTC in your wallet for the last 6 months.
This will be verified by you signing a message with your private key and sending it to a smart contract.

Why would someone buy this?
People who see your NFT will know that you're hodling a lot of Bitcoins.
You get access to a community of other whales.

So what does everyone think? Is it a dumb idea or should we make it happen?

Topic: NFT Idea: Prove Funds to Mint - page 2. (Read 406 times)